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Scenario 2: You are a new associate auditor and have been assigned to the annual audit of a major information technology company. Your senior has

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Scenario 2: You are a new associate auditor and have been assigned to the annual audit of a major information technology company. Your senior has asked you to review goodwill for possible impairments, while indicating that this is usually an area where they have found no issues. The client provides you with a spreadsheet supporting the current goodwill valuation, which indicates that there is no need for an impairment. This valuation is based on projected average sales growth of 7% over the next three-to-five years. During your review. you note that the average sales growth over the last five years has averaged 5%. What are the ethical issues in this case? What actions, if any, should you take

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